MAQTRO PICTURES,ERNAKULAM vs. ITO , NON CORPORATE WARD 2(4), KOCHI
In the result, the assessee’s appeal is partly allowed
ITA 999/COCH/2022[2017-18]Status: DisposedITAT Cochin25 Sept 2023AY 2017-18
Bench: Shri Sanjay Arora, Am &Shri Manomohan Das, Jm
For Appellant: Sri.P.M.Veeramani, CAFor Respondent: Smt.J.M.Jamuna Devi, Sr.DR
Section 250(6)Section 269SSection 269TSection 271DSection 68
Section 269T, similarly, conditions repayment of loan or deposit, defined for the purpose of these provisions as loan or deposit of money.
4.2
A partnership firm and its’ partners are distinct persons under the Act
(s.2(31)). Nothing, therefore, turns on adverting to the partnership law to contend of a partner and the firm in which
